In today’s briefing:
- #152 India Insight: Smartphones Exports Tops Oil & Diamond, $10B On Tankers, 7 IPOs Approved
- Decoding India’s Private Capex: NSO’s First Survey
- AUCTUS ON FRIDAY – 23/05/2025
- Eternal Vs. Swiggy: A Battle for Market Share or a Fight to Stay in the Game?
#152 India Insight: Smartphones Exports Tops Oil & Diamond, $10B On Tankers, 7 IPOs Approved
- India’s Smartphone Exports Surge to $24.14 Billion, Overtake Petroleum and Diamonds
- India plans to spend $10 billion on a fleet of 112 homebuilt oil tankers, aiming for self-sufficiency in energy.
- Seven companies, including Credila Financial and Sri Lotus Developers, have received SEBI approval for IPOs, aiming to raise significant funds.
Decoding India’s Private Capex: NSO’s First Survey
- The NSO’s First Forward-Looking Survey on Private Sector Capex Investment Intentions projects a 55.5% increase in private sector Capex for FY25, led by Manufacturing, Information & Communication, and Transportation sectors.
- The survey provides insights into India’s private sector investment trends, highlighting a strong focus on core business expansion, value addition, and income generation, vital for future growth and economic development.
- The outlook for FY25 reflects optimism, especially in the manufacturing sector, signaling sustained economic momentum. However, FY26 shows cautious investment intent, indicating some sectors may face challenges.
AUCTUS ON FRIDAY – 23/05/2025
- AUCTUS PUBLICATIONS ________________________________________ ADX Energy (ADX AU)C; Target price of A$0.30 per share: Adding four low risk drill-ready shallow gas prospects to start drilling by YE25 – ADX has now matured 13 shallow gas prospects across the ADX-AT-I and ADX-AT-II licence areas in Austria.
- The play is proven, supported by historical discoveries within the basin.
- Nearby historical discoveries in the area have produced 220 bcf to date.
Eternal Vs. Swiggy: A Battle for Market Share or a Fight to Stay in the Game?
- Zomato (ZOMATO IN) and Swiggy (SWIGGY IN) saw strong revenue growth, but intense competition and quick commerce costs led to declining profits or increased losses.
- Zomato(Eternal) holds a strong advantage in food delivery profitability, reporting INR 428 crore adjusted EBITDA, and its IOCC status offers potential inventory benefits.
- Swiggy uses quick commerce for acquisition, scaling Bolt for speed which drives over 12% of food orders and boosts retention.
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